Question: *Based on the following data for the current year, what is the inventory turnover? Net sales on account during year $800,000 Cost of merchandise

*Based on the following data for the current year, what is the inventory turnover? Net sales on account during year $800,000 Cost of merchandise sold during year 530,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year Inventory, beginning of year Inventory, end of year 20.0 8.0 15.1 5.3 35,000 90,000 110,000

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